ISLAMABAD, Jan 16 : Pakistan can become a exporting hub of auto industry as its automotive industry is successfully producing International standard and brands of cars, motorcycles and tractors.
Dr Mirza Ikhtiar Baig, Advisor to Prime Minister on Textile said in a statement issued here that there are 3200 units of automotive industry with investment of Rs. 92 Billion, Employing 1.8 Million people and producing annually 1.8 Million motorcycle and 200,000 vehicles. The Autopart Industry generating export of Rs. 128 Million with great potential to further enhance, he added.
Pakistan possesses a huge potential to become a manufacturing and exporting hub of auto industry for renowned Original Equipment Manufacturers (OEMs) of the world.
Dr Baig said that the support of local automobile companies, the autoparts vendors had attained excellence in some fields at par with global standard but there was a room for further development for vendors to scale up their production with cutting edge technology and emerging trends in international automobile market.